IPG Photonics
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IPG Photonics

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    • Manufacturing & Industrialfiber opticlasersmanufacturing equipment

    IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability, and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications. 

    Revenue(FY, 2017)
    $1.4 B
    Market capitalization(2018-12-14)
    $6.3 B
    Backlog(FY, 2016)
    $413.9 M

    Employee Rating

    3.1More
    TypePublic
    HQOxford, US
    Founded1990
    Size (employees)5,030 (est)
    Websiteipgphotonics.com
    IPG Photonics was founded in 1990 and is headquartered in Oxford, US
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    Key People/Management at IPG Photonics

    Valentin P. Gapontsev

    Valentin P. Gapontsev

    Chief Executive Officer and Chairman of the Board
    Eugene Scherbakov

    Eugene Scherbakov

    Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
    Timothy P.V. Mammen

    Timothy P.V. Mammen

    Chief Financial Officer and Senior Vice President
    Igor Samartsev

    Igor Samartsev

    Chief Technology Officer of IPG, Deputy General Manager of NTO IRE-Polus and Director
    Angelo P. Lopresti

    Angelo P. Lopresti

    General Counsel, Secretary and Senior Vice President
    Alexander Ovtchinnikov

    Alexander Ovtchinnikov

    Senior Vice President, Components
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    IPG Photonics Office Locations

    IPG Photonics has offices in Oxford, Dallas, Oviedo, Marlborough and in 32 other locations
    Oxford, US (HQ)
    50 Old Webster Rd
    Anaheim, US
    K 3150 La Palma Ave
    Birmingham, US
    100 Lucerne Lane
    Dallas, US
    210 3400 Carlisle St
    Fridley, US
    1400 5110 Main St NE
    Manchester, US
    220 Hackett Hill Rd
    Show all (37)
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    IPG Photonics Financials and Metrics

    IPG Photonics Revenue

    IPG Photonics's revenue was reported to be $1.41 b in FY, 2017 which is a 40% increase from the previous period.
    USD

    Revenue (Q3, 2018)

    		356.3m

    Gross profit (Q3, 2018)

    		195.2m

    Gross profit margin (Q3, 2018), %

    		54.8%

    Net income (Q3, 2018)

    		100.8m

    EBIT (Q3, 2018)

    		123.9m

    Market capitalization (14-Dec-2018)

    		6.3b

    Closing stock price (14-Dec-2018)

    		118.0

    Cash (30-Sep-2018)

    		647.6m

    EV

    		5.7b
    IPG Photonics's current market capitalization is $6.3 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		769.8m901.3m1.0b1.4b

    Revenue growth, %

    		19%17%12%40%

    Cost of goods sold

    		409.4m453.9m612.0m

    Gross profit

    		491.9m552.2m796.9m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Revenue

    		235.1m243.5m207.2m252.8m266.0m285.8m369.4m392.6m359.9m773.5m356.3m

    Cost of goods sold

    		106.4m110.2m92.8m115.1m121.2m128.6m163.1m168.1m156.5m335.1m161.2m

    Gross profit

    		128.7m133.3m114.4m137.7m144.8m157.3m206.3m224.6m203.4m438.3m195.2m

    Gross profit Margin, %

    		55%55%55%54%54%55%56%57%57%57%55%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		448.8m522.2m582.5m623.9m909.9m

    Accounts Receivable

    		103.8m143.1m150.5m155.9m237.3m

    Prepaid Expenses

    		41.3m47.9m

    Inventories

    		172.7m171.0m203.7m239.0m307.7m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Cash

    		398.4m480.6m483.4m487.5m541.5m571.5m651.2m613.7m587.3m645.6m697.8m808.1m880.3m969.1m816.8m647.6m

    Accounts Receivable

    		120.6m107.6m124.1m136.6m149.8m169.8m154.8m146.5m151.5m162.7m180.2m237.3m226.8m235.5m242.1m251.6m

    Inventories

    		171.3m170.6m178.9m179.5m174.1m190.8m197.6m226.9m241.3m242.4m261.9m260.7m282.5m356.4m376.0m397.4m

    Current Assets

    		749.2m825.1m854.1m863.3m931.0m1.0b1.1b1.2b1.2b1.3b1.4b1.5b1.6b1.9b1.8b1.9b
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		155.8m200.4m242.0m260.7m347.6m

    Depreciation and Amortization

    		31.5m35.6m42.4m51.5m64.6m

    Inventories

    		(50.0m)(42.0m)(70.6m)(53.6m)(71.1m)

    Accounts Payable

    		974.0k3.3m9.8m(407.0k)2.3m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Net Income

    		119.2m40.5m88.8m144.0m57.3m118.6m181.3m49.3m116.4m185.6m74.9m179.0m294.6m106.3m228.0m328.7m

    Depreciation and Amortization

    		23.4m8.1m17.1m26.4m9.7m20.2m31.1m11.4m23.7m37.6m14.5m29.7m46.4m19.2m38.7m58.9m

    Inventories

    		(43.7m)(3.9m)(15.0m)(30.2m)(13.9m)(33.2m)(52.2m)(19.4m)(34.7m)(42.8m)(22.4m)(25.8m)(39.7m)(49.7m)(91.0m)(122.1m)

    Accounts Payable

    		(2.0m)516.0k(2.7m)1.3m(1.2m)4.4m4.5m(6.7m)(8.4m)(9.8m)(1.6m)1.9m3.4m1.1m9.5m(1.3m)
    show all
    USDY, 2018

    EV/EBIT

    		46 x

    EV/CFO

    		20.3 x

    Financial Leverage

    		1.2 x
    Show all financial metrics

    IPG Photonics Operating Metrics

    IPG Photonics's Backlog was reported to be $413.9m in FY, 2016.
    FY, 2014FY, 2015FY, 2016

    Backlog

    		$321 m$442.50 m$413.90 m

    Countries

    		14 15 16

    Patent Applications

    		260 320 380

    Patents Issued

    		170 200 240
    Show all operating metrics

    IPG Photonics Revenue Breakdown

    Embed Graph

    IPG Photonics revenue breakdown by business segment: 94.6% from Materials Processing and 5.4% from Other

    IPG Photonics revenue breakdown by geographic segment: 44.1% from China, 11.7% from North America, 9.3% from Other Asia and Australia, 5.7% from Japan, 20.6% from Other Europe including Eastern Europe/CIS, 8.1% from Germany and 0.4% from Other

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    Competitors

    LPKF Laser & Electronics
    Manufacturing & Industrial - Public
    Furukawa Electric
    Manufacturing & Industrial - Public
    Lumentum Holdings
    Manufacturing & Industrial - Public
    FANUC
    Manufacturing & Industrial - Public
    Coherent
    Manufacturing & Industrial - Public
    Sigma Koki
    Manufacturing & Industrial - Public
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    IPG Photonics Online and Social Media Presence

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    IPG Photonics News and Updates

    November 13, 2018

    IPG Photonics Announced Winner of 2018 Fierce Innovation Award for Next Gen Network Deployment

    OXFORD, Mass., Nov. 13, 2018 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the leader in high-power fiber lasers and amplifiers, today announced it was honored as this year’s winner of Fierce Innovation Award, Telecom Edition – Next Gen Deployment – Wireline.
    November 13, 2018

    Audio Video Editing Software 2018 Global Market Key Players - Broadcom, Jenoptik, Coherent, Qorvo, IPG Photonics, Skyworks Solutions, Han's Laser Technology......

    Audio Video Editing Software – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
    November 05, 2018

    IPG Photonics Announces Agreement to Acquire Genesis Systems Group

    Genesis a leader in the integration of robotic welding and automation solutions
    November 02, 2018

    IPG Photonics Announces New Generation of High Power Fiber Lasers

    New diode and fiber advancements deliver higher reliability and smaller form factors, while providing the highest wall plug efficiencies in the world
    October 30, 2018

    IPG Photonics Announces Third Quarter 2018 Financial Results

    Revenue and Earnings per Diluted Share Decrease 9% and 13%, Respectively
    October 25, 2018

    Metal Cutting Machine Tools 2018 Global Market Key Players - Hypertherm, Komatsu, Trumpf, Amada, Eurolaser, Denobat Group, IPG Photonics, Coherent, ESAB.......

    Metal Cutting Machine Tools – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
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    IPG Photonics Company Life and Culture

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     IPG Photonics Frequently Asked Questions

    • When was IPG Photonics founded?

      IPG Photonics was founded in 1990.

    • Who are IPG Photonics key executives?

      IPG Photonics's key executives are Valentin P. Gapontsev, Eugene Scherbakov and Timothy P.V. Mammen.

    • How many employees does IPG Photonics have?

      IPG Photonics has 5,030 employees.

    • What is IPG Photonics revenue?

      Latest IPG Photonics annual revenue is $1.4 b.

    • What is IPG Photonics revenue per employee?

      Latest IPG Photonics revenue per employee is $280.1 k.

    • Who are IPG Photonics competitors?

      Competitors of IPG Photonics include LPKF Laser & Electronics, Furukawa Electric and Lumentum Holdings.

    • Where is IPG Photonics headquarters?

      IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.

    • Where are IPG Photonics offices?

      IPG Photonics has offices in Oxford, Dallas, Oviedo, Marlborough and in 32 other locations.

    • How many offices does IPG Photonics have?

      IPG Photonics has 37 offices.